The company's recent 48% AUM growth in FY24, spurred by a one-time gain from asset recovery, masks underlying financial weaknesses. With a credit rating of BBB+ and an expensive valuation at 1.7x post-money book value, the risks far outweigh any potential gains.

Manba Finance is an entirely fresh offering of up to 1,25,70,000 shares without an offer of sale component, and it is a book-built issue of Rs 150.84 crores.

Kalana Ispat’s SME IPO opened on September 19 and aims to raise ₹32.59 crore. It has seen limited demand, with a subscription rate of 0.05 times by midday on its first day. The shares are priced at ₹66 each and will list on the NSE SME platform.

Arkade Developers IPO GMP is suggesting a listing premium of nearly 50 percent. The shares will be listed on the exchanges on September 24.

Investors can now check their shares allotment status through various mediums online such as on BSE, NSE, and even on the website of the registrar, Kfin Technologies. The latest GMP price signals a strong listing for Northern Arc.

According to stock market observers, shares of the company are available at a premium of ₹10 in the grey market today

Investors can check their allotment status by logging into the BSE website or the Bigshare Services Pvt Ltd website, the issue's registrar.

Kalana Ispat, a manufacturer of MS and Alloy Steel Billets, has opened its Small and Medium Enterprise (SME) Initial Public Offering (IPO) for subscription, generating considerable buzz in the market.

Arkade Developers' IPO, which opened for subscription on September 16, has been 42.7 times oversubscribed as of Thursday, the final day for bidding. By around 1 pm, non-institutional investors had subscribed over 100 times,

Northern Arc Capital Limited, founded in 2009, provides retail loans to underserved households and businesses across India.